Property

Over one-third of investors and home owners have indicated they are not prepared for interest rates to remain at current levels, a report has found.

The major bank’s subsidiary has announced the introduction of additional progress payments to support Western Australia’s housing supply.

Capital cities that have led the home price recovery have recorded slowing growth, PropTrack has found.

The value of Australia’s 11 million residential homes has topped $10.2 trillion for the first time.

New home loan activity contributed to an uptick in mortgage growth in October, new ABS data has found, as refinancing continued to fall.

The number of dwellings approved ticked up for the month, however, economists still note that approvals are sitting at low levels.

National home prices have reached new heights for the month despite rising interest rates and an easing in price growth.

The Minns government has announced plans to tackle housing supply issues by fast-tracking the creation of new homes.

The majority of borrowers have remained resilient in the wake of rising interest rates, the credit ratings reporter has found.

With 3,084 homes going under the hammer, Australia’s combined capitals are gearing up for their second busiest auction week of the year.